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Cramer's 'Mad Money' Recap: Riches in Cheap Threads

Cramer asked Tullman if he was concerned that with General Electric's (GE) planned acquisition of IDX Systems that Allscripts' relationship with IDX might change.

Tullman said GE would not make a change and that "both parties have publicly reaffirmed our partnership."

Cramer concluded by saying that some analysts had cut Allscripts' numbers as a result of GE's planned acquisition of IDX. Cramer said after hearing from Tullman, he believes that is a mistake.

"If it goes down, I'd do a 'mon back* on MDRX," Cramer said.

Sticking With Tech Titans

Commenting on news after the close, Cramer said the litany of tech blowups such as Skyworks Solutions' (SWKS) "total train wreck" is not a reason to sell the "big dogs" of the Cramer tech rally like Motorola (MOT).

Refco Wreck

And, of news Monday that Refco (RFX) had placed its CEO on leave and that its financial statements since 2002 should no longer be relied upon, Cramer said, "If you own the stock, I think that you've got to still throw it away." The situation is "way too big for the CEO and for the board not to know what was going on," he said.

Lightning Round

Bullish

Cramer was bullish on Motorola (MOT), NL Industries (NL), PNM Resources (PNM), Duke Energy (DUK), GameStop (GME), Ultra Petroleum (UPL), Southwestern Energy (SWN), General Motors (GM), Lions Gate Entertainment (LGF), Grey Wolf (GW), FPL Group (FPL) and Chesapeake Energy (CHK).

Bearish

Cramer was bearish on Deere (DE), 3M (MMM), Penn National Gaming (PENN), Mylan Laboratories (MYL), Fair Isaac (FIC), Waste Management (WMI), TXU (TXU), Dominion Resources (D), Verizon (VZ), Alcon (ACL), Applied Materials (AMAT), Cisco Systems (CSCO).

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market

At the time of publication, Cramer was long GameStop and Motorola.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." Cramer appreciates your feedback and invites you to send him an email by clicking here.

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